Welcome to our dedicated page for Parsons news (Ticker: PSN), a resource for investors and traders seeking the latest updates and insights on Parsons stock.
Parsons Corporation (NYSE: PSN) is a technology-driven company active in national security and global infrastructure markets, and its news flow reflects that focus. Public announcements highlight work across cyber and electronic warfare, space and missile defense, transportation, water and environment, urban development, and critical infrastructure protection, giving investors and observers insight into how Parsons executes its strategy.
News about Parsons often centers on federal and defense contracts, including awards and positions on large U.S. Department of War, U.S. Air Force, and Missile Defense Agency programs. Releases describe task orders and multiple award contracts that cover design, engineering, and construction management for facilities and infrastructure that support mission readiness, as well as efforts to expand munitions production capacity and strengthen the Defense Industrial Base.
The company also issues updates on space and intelligence-related activities, such as contracts supporting space demonstration missions, satellite operations, and ground control services. Parsons’ acquisition of Altamira Technologies Corporation, which brings signals intelligence, cyber, missile warning, and space capabilities, is an example of transaction-related news that expands its defense and intelligence portfolio.
On the infrastructure side, Parsons’ news includes awards for urban development and transportation projects, such as design roles on advanced rapid transit lines and large mixed-use developments. These announcements illustrate its involvement in global infrastructure and urban development programs.
Visitors to this PSN news page can review company press releases and other coverage to track material events, contract wins, acquisitions, leadership changes, and guidance-related announcements that Parsons discloses to the market.
Parsons Corporation (NYSE: PSN) will present at the Jefferies Virtual Industrials Conference on August 6, 2020, at approximately 2:25 p.m. Eastern Time. The event will feature a fireside chat with CEO Chuck Harrington and CFO George Ball.
The presentation will be available live via webcast on the company's investor relations website, with a replay accessible for 90 days. Parsons is a leader in disruptive technology for defense, intelligence, and critical infrastructure sectors.
Parsons Corporation (NYSE: PSN) collaborates with Knollwood, a life plan community for veterans, to enhance safety during the COVID-19 pandemic. The partnership includes the installation of Parsons' DetectWise™ health monitoring solution at Knollwood's Washington D.C. campus. This system uses touchless technology to screen temperatures and assess health risks among residents, staff, and visitors. The initiative aims to create a safer environment for elderly veterans and their families while showcasing Parsons' commitment to innovative health solutions.
Parsons Corporation (NYSE: PSN) announced that CEO Chuck Harrington has joined the Quality of Life Plus (QL+) Board of Directors. This appointment highlights his extensive experience since joining Parsons in 1982, where he has led significant growth and strategic initiatives. Harrington emphasized QL+'s mission to enhance the lives of veterans and first responders. His leadership is expected to bring valuable insights to the organization, with endorsements from QL+ leaders praising his expertise and commitment to excellence.
Parsons Corporation (NYSE: PSN) and Neology, Inc. have formed a strategic partnership to enhance opportunities in critical infrastructure, mobility, and transportation markets. This collaboration allows both companies to utilize their strengths, combining Parsons' technological capabilities with Neology's innovative solutions. The partnership aims to provide state and local agencies with advanced options for tolling and enhancing public safety. With over 110 years of combined experience, they seek to address the growing demand for smart mobility solutions and improve the efficiency of critical infrastructure systems.
Parsons Corporation (NYSE: PSN) has secured a $178 million indefinite delivery/indefinite quantity contract from the Intelligence Community (IC) for a duration of five years. The company aims to enhance the security of classified information, facilities, and personnel globally through comprehensive risk analysis and countermeasures. Parsons aims to continue supporting the nation's intelligence community, focusing on critical infrastructure, cyber capabilities, and multi-domain operations.
Parsons Corporation (NYSE: PSN) has appointed Gen. Darren W. McDew and David C. Wajsgras to its board of directors, effective immediately. This decision follows Letitia Long's board addition in April, reinforcing Parsons' commitment to a robust and diverse board structure. Gen. McDew brings 36 years of military experience, including leadership roles in global transportation operations. Wajsgras has 20 years of senior management experience in defense and commercial sectors, most recently at Raytheon Technologies, where he oversaw digital transformation initiatives.
Parsons Corporation (NYSE: PSN) will announce its second quarter 2020 financial results on August 5, 2020, before market opening. A conference call will follow at 8:00 a.m. ET to discuss earnings and corporate strategies. Interested parties can access the call via the investor relations section of the company's website or by phone. A replay will be available on the website after the call and for one year. As a key player in defense, intelligence, and critical infrastructure, Parsons focuses on disruptive technologies like cybersecurity and smart cities.
LAZ Parking, led by CEO Alan Lazowski, has introduced LAZ PreScreen in collaboration with Parsons Corporation and Vizsafe to enhance health and safety measures amid COVID-19. This initiative utilizes Parsons' DetectWise™ technology to screen for health risks in LAZ's 3,100 locations across the U.S. Powered by Vizsafe's Geoaware® platform, the touchless kiosks will monitor health indicators and ensure safe environments for employees and customers. This partnership marks a significant development in commercial health screening solutions.
Parsons Corporation (NYSE: PSN) launched Grid Armor™, a predictive resiliency solution aimed at enhancing utility companies' operational efficiency and disaster response. Leveraging AI and machine learning, Grid Armor™ analyzes real-time data from various sources to help utilities mitigate risks from natural disasters like wildfires and power outages. This initiative addresses challenges like aging infrastructure and changing regulations in the electric utility sector.